Rogers Sugar Inc (TSE:RSI) – Stock analysts at Desjardins boosted their Q2 2018 earnings estimates for shares of Rogers Sugar in a research note issued on Friday. Desjardins analyst F. Tremblay now anticipates that the company will earn $0.12 per share for the quarter, up from their prior forecast of $0.11. Desjardins also issued estimates for Rogers Sugar’s Q3 2018 earnings at $0.12 EPS, Q4 2018 earnings at $0.13 EPS and FY2019 earnings at $0.55 EPS.
Other equities research analysts have also recently issued research reports about the company. Scotiabank boosted their target price on Rogers Sugar from C$7.00 to C$7.50 and gave the company an “outperform” rating in a research note on Tuesday, November 21st. National Bank Financial boosted their price target on Rogers Sugar from C$6.75 to C$7.00 and gave the stock a “sector perform” rating in a research report on Tuesday, November 21st. TD Securities reaffirmed a “hold” rating and set a C$7.00 price target on shares of Rogers Sugar in a research report on Wednesday, November 22nd. Finally, BMO Capital Markets lowered their price target on Rogers Sugar from C$7.50 to C$7.00 in a research report on Friday, November 24th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of C$7.15.
Rogers Sugar (TSE:RSI) last released its earnings results on Thursday, February 1st. The company reported C$0.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.14 by C$0.01. The firm had revenue of C$204.88 million for the quarter, compared to analysts’ expectations of C$206.00 million. Rogers Sugar had a return on equity of 5.43% and a net margin of 2.08%.
In other Rogers Sugar news, Director M. Dallas H. Ross bought 5,800 shares of the firm’s stock in a transaction that occurred on Monday, November 27th. The shares were acquired at an average cost of C$6.17 per share, with a total value of C$35,786.00.
The firm also recently announced a quarterly dividend, which was paid on Friday, January 19th. Investors of record on Friday, January 19th were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 5.71%. The ex-dividend date was Thursday, December 28th. Rogers Sugar’s payout ratio is presently 163.64%.
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About Rogers Sugar
Rogers Sugar Inc holds all of the common shares of Lantic Inc (Lantic). Lantic is engaged in sugar business and operates as a refiner, processor, distributor and marketer of sugar products in Canada. As a sugar processor in Western Canada, Lantic supplies over 90% of the demand for refined sugar in that region.
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